PROBABILISTIC ECONOMIC THEORY. GENERAL AXIOMS, CONCEPTS AND PRINCIPLES
A.V. Kondratenko1, O.M. Logachova1,2, A.V. Logachov1,2,3
1Novosibirsk State University of Economics and Management, Kamenskaya str., 56, Novosibirsk, Russia, 630099
2Siberian State University of Geosystems and Technologies, Ploshhotnogo Street, 10, Novosibirsk, Novosibirsk Region, 630108
3Institute of Mathematics named after S.L. Sobolev, Akademika Koptyuga Ave., 4, Novosibirsk, Novosibirskaya obl., 630090
Keywords: physical economics, probability economics, agent-based approach, supply and demand functions, market price, stationary and non-stationary economies
Abstract
The modern market economy is not just complex, dynamic, non-equilibrium, but also probabilistic system. The obvious analogy between the many-agent economic and many-atom physical systems is used to develop probabilistic economic theory with the help of formal methods and approaches of theoretical physics. This theory is constructed on the basis of the five general principles, which determine the main driving forces in markets and principal features of market structures and dynamics.
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